Post
Topic
Board Speculation (Altcoins)
Re: Should I cash out and take the loss?
by
unknown-user
on 11/08/2018, 22:06:53 UTC
At the beginning of the year I got into cryptocurrency think I would make a lot of money if I did a ton of research and learned everything about crypto. So I bought $4k worth of bpt and prl. I would say my stack is worth about $1000 now with a 75% loss. Everybody on this forum talked so highly of those coins thinking it would sky rocket one day but they are just getting so low that I know I will never get my money back & I don't want to lose it all. I guess I'm here to say don't trust anybody on this forum that thinks they know what a good coin is and most differently DONT trust any future "10x coin" on here. Truth is this is mostly a game of luck. I'm out, cashing out so I don't lose everything!
Such action will just result to regret when the market starts to rise which do always happen since the market dumps are just temporary. It won't solve the problem with loss profit. Be practical and observe that same amount of holdings are there, and it is only the value which is falling. Once the market starts to rise, profit will again be earned and we just need to be patient. Selling will just make the situation worse.